Input Tax Credit
Venkata Rao Sanumoori (101 Points)
15 February 2020
I had a proprietor concern firm. Can i take ITC on purchase of laptop in the name of my firm. Is the ITC reversable
2 Replies
sujith kumar dasa
(banglore)
(1496 Points)
Replied 15 February 2020
Yes, you can take input if laptop is used for business purpose
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 15 February 2020
If the Laptop used furtherance of business then Yes You can take ITC.
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